Shardul Amarchand Mangaldas & Co. advised Inventurus Knowledge Solutions Limited on its offshore financing to acquire Aquity Solutions Inc. including issuance of guarantee to JP Morgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation and Citibank N.A. (“Lenders”) through a reverse merger process. The financing of the deal was closed on 15 November 2023. The transaction was valued at USD 200 million.
The deal also included the creation of a special purpose vehicle based in the US for acquiring and merging with the Aquity Solutions Inc.
The transaction team was led by Veena Sivaramakrishnan, Partner; Zubin Mehta, Partner; Mohit Bhatia, Partner; and Gaurav Karwa, Associate.
The Corporate law/ Capital markets team was led by Nikhil Naredi, Partner; Harsh Loonker, Senior Associate; and Shruthi Hariharan, Associate.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, technology law and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 824 lawyers including 165 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
